Ceres Power (LON:CWR) Shares Up 43.2% - Time to Buy?

Key Points

• Ceres Power shares saw a significant increase of 43.2%, trading as high as GBX 150 ($2.02) during mid-day trading.
• The company's market cap stands at £280.90 million, with a price-to-earnings ratio of -6.97.
• Ceres Power focuses on clean energy technology, developing green hydrogen production and fuel cells, and has partnered with major companies like Bosch and Doosan.

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares traded up 43.2% during trading on Monday . The company traded as high as GBX 150 ($1.98) and last traded at GBX 144.10 ($1.90). 8,007,922 shares traded hands during mid-day trading, an increase of 412% from the average session volume of 1,565,412 shares. The stock had previously closed at GBX 100.60 ($1.33).

Ceres Power Stock Down 5.9%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The stock has a market cap of £228.08 million, a P/E ratio of -5.66 and a beta of 1.60. The stock's fifty day simple moving average is GBX 89.63 and its 200-day simple moving average is GBX 88.33.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.